Finolex Cables announced that its joint venture, Corning Finolex Optical Fibre stands liquidated in accordance with Section 59(7) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 9 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, vide National Company Law Tribunal`s (NCLT), Mumbai Bench (Court-VI) order dated 06th June 2024. The copy of same is received as on 24 June 2024. Powered by Capital Market - Live News

Finolex Cables announced the cessation of Shane Pedder (DIN- 03595409) as an Additional Director in the category of Non- Executive-Non Independent Director with effect from 15 June 2024. Powered by Capital Market - Live News

Finolex Cables announced that the Board of Directors of the Company at its meeting held on 23 May 2024, has recommended a Final dividend of Rs.8 per share (i.e.400%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Finolex Cables will hold a meeting of the Board of Directors of the Company on 23 May 2024Powered by Capital Market - Live News

Net profit of Finolex Cables declined 2.16% to Rs 150.98 crore in the quarter ended December 2023 as against Rs 154.31 crore during the previous quarter ended December 2022. Sales rose 6.20% to Rs 1221.68 crore in the quarter ended December 2023 as against Rs 1150.31 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1221.681150.31 6 OPM %10.9412.68 - PBDT208.62200.07 4 PBT197.76188.87 5 NP150.98154.31 -2 Powered by Capital Market - Live News